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Sep 27, 2012
09/12
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i think it is crucial for president obama to take the position that netanyahu is saying and really make sure that the iranians believe that they're in trouble, which is historically the only way they've been able to prevent it. interestingly, when you talk about the price of oil, and i think this is an important component, the obama strategy seems to be, you know, keep it on the low down, on the down low, until the final moment, which i'm not an economic expert, but it seems to me that kind of strategy would result in a sudden spike when action had to be taken as opposed to the netanyahu strategy, which is to kind of steadily build up towards a point where action needs to be taken, if it boils down to that. and we've seen the markets are climbing, you know, but it's kind of at a rate where people are able to keep up with it as opposed to that sudden spike, which comes out of nowhere and nobody's expecting it and crippling markets instantaneously. >> we certainly hope that doesn't happen. thank you both for your thoughts on that. very important. >> you know, i just want to mention, i'm j
i think it is crucial for president obama to take the position that netanyahu is saying and really make sure that the iranians believe that they're in trouble, which is historically the only way they've been able to prevent it. interestingly, when you talk about the price of oil, and i think this is an important component, the obama strategy seems to be, you know, keep it on the low down, on the down low, until the final moment, which i'm not an economic expert, but it seems to me that kind of...
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Sep 27, 2012
09/12
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i don't think there is a lot of uncertainty, i think obama is going to win and the democrats will win the senate, that is in the market already so the uncertainty you would normally expect going to presidential election unless something cataclysmic happens between now and the beginning of november, i don't think that will play a big part in the market. ashley: starting to get some real dire warnings. fed imac fedex stands out, how disturbing is that? tracy: it is interesting you bring up fedex. way back when, so goes gm, so goes the market. wal-mart was maybe the best indicator, fedex is the real indicator of what is going on in the u.s. economy. when it says the volumes are down and pricing is weak, i would go to school on that. ashley: thank you for joining us, appreciate it. >> thank you. tracy: state workers are making more than they are private company counterparts. you broke the story at noon, they are making more money than us. >> taxpayer watchdog citizens against government wages, state workers make 6% more in wages and benefits than employees performing the same job for a pr
i don't think there is a lot of uncertainty, i think obama is going to win and the democrats will win the senate, that is in the market already so the uncertainty you would normally expect going to presidential election unless something cataclysmic happens between now and the beginning of november, i don't think that will play a big part in the market. ashley: starting to get some real dire warnings. fed imac fedex stands out, how disturbing is that? tracy: it is interesting you bring up fedex....
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Sep 27, 2012
09/12
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because this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it will cost them 3.5 billion euro misincreased pension costs. so you can see the conundrum. they're enacting enormous amounts of austerity, but that's denting an economy which is already in recession. its second since 2008. and things are getting worse. 25% unemployment, a million up sold homes. and we haven't even talked about the banking crisis and the autonomous region, some of which including catalonia are looking trying to get some form of assembly. it is a toxic mix. >> imagine that there will be pressure on markets as this they think unfolds. we're also counting down to the wire here of cour
because this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it...
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Sep 27, 2012
09/12
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and i don't quite understand why romney isn't going directly at obama's economic record, while obama has been president. connell: because in that part of the world, in ohio, and particularly where they were both yesterday. they are going to be in virginia today. but they were both in ohio yesterday, and obama is leading big there if you believe the latest polls. yesterday there was an argument that hey some of the democrats are being more sampled in some of these polls. what do you think about that? >> if a poll in ohio says that obama is ahead by 8 or 10 points, i think that undoubtedly means that romney is behind in ohio, whatever the percentage. connell: maybe just a few points -- >> right. if there's a silver lining there, it is my sense if these people who say they will vote for obama do not feel strongly about it. i think there's still a lot of anxiety about where we are, and they are open to an argument from mitt romney about why obama's stewardship of the economy has been wrong for the country, but it hasn't quite been made yet. dagen: what is the one thing that mitt romney n
and i don't quite understand why romney isn't going directly at obama's economic record, while obama has been president. connell: because in that part of the world, in ohio, and particularly where they were both yesterday. they are going to be in virginia today. but they were both in ohio yesterday, and obama is leading big there if you believe the latest polls. yesterday there was an argument that hey some of the democrats are being more sampled in some of these polls. what do you think about...
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Sep 27, 2012
09/12
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something for candidates romney and obama in today's data. you can imagine romney pounding on the weak growth and obama saying hey, 286,000 more jobs out there and there's also something for bulls and bears but not much anybody from a sober analysis this remains a weak growth economy. melissa? >> thank you very much, steve liesman. >>> and from the u.s. to spain, let's head across the atlantic for more on spain's budget as the country hopes to avoid a bailout. steve sedgwick joins us live with the very latest. steve. >> reporter: yeah, thanks very much, indeed. we just heard literally in the last 20 minutes or so that the press conference, the announcement about this austerity that we've been waiting for all day will now get the conference in around about an hour's time. so all should be revealed about what rajoy intends to do. in the next stage of austerity. because i think the next stage because there's already been at least four bouts of austerity from this government since it came in in december last year. the last was a 2012 budget which
something for candidates romney and obama in today's data. you can imagine romney pounding on the weak growth and obama saying hey, 286,000 more jobs out there and there's also something for bulls and bears but not much anybody from a sober analysis this remains a weak growth economy. melissa? >> thank you very much, steve liesman. >>> and from the u.s. to spain, let's head across the atlantic for more on spain's budget as the country hopes to avoid a bailout. steve sedgwick...
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Sep 27, 2012
09/12
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so if he keeps some of the policies in place that obama has kept in, i. e. low interest rates until 2015, fed funds at a quarter percent, if he does something like that that might still give a little buoyancy to the gold price going forward, at least into the first quarter of 2013. >> what happens after the election? where does gold take out direction, will it be from politics and the possibility of falling off the fiscal cliff or will it be from economics namely u.s. economic data and the you're row crisis? >> combined, globally right now, we have quantitative easing, okay, we have a lot of promises without any action, okay. so the promises gave us let's call it a $100 rally at least in gold. the action i do believe will double that, okay, and give us at least another $100 plus. >> what would it take to see a major selloff in gold? >> major pullback in goal prices would probably be rise in interest rates which i don't believe we're going to see. the market is very crowded at a price point, let's call the price point $2,000, you might have some reasonable pr
so if he keeps some of the policies in place that obama has kept in, i. e. low interest rates until 2015, fed funds at a quarter percent, if he does something like that that might still give a little buoyancy to the gold price going forward, at least into the first quarter of 2013. >> what happens after the election? where does gold take out direction, will it be from politics and the possibility of falling off the fiscal cliff or will it be from economics namely u.s. economic data and...
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Sep 27, 2012
09/12
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KPIX
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>> this is a turning point but it is clear now that obama has moved out of the margin of error in the swing states. so it is now going to be much harder for mitt romney to see a pass, a strategic path to victory. >> most voters identify the economy and jobs as the number- one issue this election year. in this poll all three swing states, pennsylvania, ohio, in florida, have a majority of voters choosing the president as their man to lead the charge. something we have not seen before. >> we noticed that he has managed to weather the concern about the economy largely because mitt romney has not convinced people that he will be a preferable alternative. >> he is a presidential campaign strategist and has worked with both bill clinton and hillary clinton as well as al gore and he says that it is not over yet. >> particularly in the age of replacement referees that we're seeing in the nfl, the obama campaign should not be celebrating in the end zone to early. >> but he believes that it will be tough to recover after mitt romney was seen talking about a 47 percent who do not pay federal inc
>> this is a turning point but it is clear now that obama has moved out of the margin of error in the swing states. so it is now going to be much harder for mitt romney to see a pass, a strategic path to victory. >> most voters identify the economy and jobs as the number- one issue this election year. in this poll all three swing states, pennsylvania, ohio, in florida, have a majority of voters choosing the president as their man to lead the charge. something we have not seen...
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Sep 27, 2012
09/12
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i think michelle obama is a terrific person. i think, you know, joe biden and paul ryan have very different views of the world, but at the end of the day i think people are going to go out and vote in this election based on the two principles, based on what they think about mitt romney and what they think about barack obama and what they think about their vision for the economy. i don't think, you know, all the rest of it sort of helps create a picture but i don't think people are going to vote in this election based on other people other than the two candidates. >> if a big problem for mitt romney is this 47% comment and it does seem that things have trended away from him since then, governor, the question becomes, can you unring the bell? i want to show you an example and obviously it's a spoof, it's from jimmy kimmel, but he was using that, look directly into the camera ad. look what he did with it. >> more americans are living in poverty than when president obama took office. we shouldn't measure compassion by how many peopl
i think michelle obama is a terrific person. i think, you know, joe biden and paul ryan have very different views of the world, but at the end of the day i think people are going to go out and vote in this election based on the two principles, based on what they think about mitt romney and what they think about barack obama and what they think about their vision for the economy. i don't think, you know, all the rest of it sort of helps create a picture but i don't think people are going to vote...
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Sep 27, 2012
09/12
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FOXNEWSW
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president obama has a record. [laughter] and president obama has a record and a string of broken promises. of course he will. >> reporter: congressman ryan -- sorry -- [cheers and applause] pledging that governor romney will take it to the president next wednesday in denver. no question though, jon, he needs a big move because if you see these polls in the battleground states, he is beginning to lose ground. he needs something big to happen. jon: well, they seem to like the message in the room behind him, is it the vfw hall? >> reporter: yes, it's a legion hall in springfield. jon: legion hall. john roberts, thank you. jenna: the first presidential debate gets underway just six days from now, and the big faceoff comes wednesday in denver. the president will hunker down for three days in henderson, nevada, using the swing state as a base to prepare for the debate. he's going to stay at a posh resort near vegas, visiting the state for the eighth time this year. now, the l.a. times reports he plans at least three deb
president obama has a record. [laughter] and president obama has a record and a string of broken promises. of course he will. >> reporter: congressman ryan -- sorry -- [cheers and applause] pledging that governor romney will take it to the president next wednesday in denver. no question though, jon, he needs a big move because if you see these polls in the battleground states, he is beginning to lose ground. he needs something big to happen. jon: well, they seem to like the message in the...